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Elucidate the fact that the cross-price elasticity of natural gas with respect to the price of fuel oil is 0.4 implies that
a. natural gas and fuel oil are substitutes.
b. natural gas is a normal good.
c. the quantity of natural gas demanded will decrease by 1.6% when the price of fuel oil decreases by 4%.
d. both a and c
Kramer Smith owns a dry-cleaning service also is thinking about changing his advertising expenditures for the year.
Two dry cleaners are located on a street of length. The firms do not make the same profit, verbally describe why this is the case.
Elucidate the inelasticity of agricultural products in general then compare which to the elasticity of a single food item such as a filet minion.
According to the political business cycle theory, if the Fed wanted to see a President re-elected, prior to the election it might.
In the Castorian Airline market there are only two firms. Each firm is deciding whether to offer a frequent flyer program.
Needs advantages or disadvantages of buying imports versus buying domestic products in relation to the fashion industry
Producing nations outside the organization, like Britain and Norway, should do their share and cut production.
Why might the Homo sapiens production possibilities curve have shifted outward to the right much more rapidly than those of Neanderthals.
Based on your research, write summary on what you have learned about this country & apposes economy
On the graph below, use the blue points (circle symbol) to plot the federal debt as a percentage of nominal GDP for every of the five years elucidate how.
Explain how many seats should be protected for full-fare passengers.
Specify whether you agree or disagree with the statement as it appears on the topic survey.
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